Abu Dhabi's non-oil foreign trade rose 36 per cent in 2025, exceeding AED415.4 billion ($113.11 billion) compared with approximately AED306 billion in 2024, Abu Dhabi Customs said.
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The United Arab Emirates’ planned exit from OPEC and OPEC+ from May 2026 is expected to have limited immediate impact on oil markets in the near term but could weaken the group’s supply management over time, HSBC said, while OPEC+ sources signalled the alliance would remain broadly intact.
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In a shock move poised to rattle global oil markets, the UAE has announced it will exit the Organisation of the Petroleum Exporting Countries and its wider Opec+ grouping, effective May 1, 2026.
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Saudi Arabia’s tourism, hospitality, and events sectors have transformed under Vision 2030. By 2025, tourism contributed 5% of GDP, attracted 123 million visitors, generated SAR300 billion ($80 billion), and supported strong non-oil economic growth.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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The latest proposal by Iran to end the war is unlikely to be accepted by US President Donald Trump, a CNN report said quoting sources.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report.
Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region.
A consortium of India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, and Heavy Engineering Industries and Shipbuilding Company (Heisco) has been awarded a KD114.2 million ($370 million) contract for a major seawater reverse osmosis (SWRO) desalination plant in Kuwait.
A significant workforce shortage threatens the MENA region's ability to deliver critical infrastructure projects by 2035, says a new report.
The UAE will establish a National Industrial Resilience Fund with a capital of AED1 billion ($272.3 million) to support the localisation of critical industries and strengthen supply chain resilience in the country.
Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED3.5 billion ($953 million) to Ginco General Contracting and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a key milestone in the delivery of one of Dubai’s most significant waterfront developments.
Diplomatic efforts to end the ongoing US-Iran conflict showed little progress on Monday, as talks remained stalled and Iran’s top diplomat travelled to Russia for high-level consultations, while US President Donald Trump signalled a tougher stance on negotiations.
Leading Abu Dhabi developer Modon has announced the complete sell-out of Tara Park, a residential development on Reem Island, with the project generating AED2 billion ($544 million) in sales. It comprises six residential towers with 834 apartments across one-, two-, and three-bedroom layouts.
Unique Group, an expert in subsea technologies and engineering, has secured a contract with DeepOcean for the supply of two XWM-90-S A-Frames.
Century Travel Group, Crystal Cruises’ exclusive GSA for the Middle East and Cyprus, was invited to AKTG 100 Club and received the Top Producer EMEA award, recognising strong regional performance and contribution.
Saudi Arabia's National Gas and Industrialisation Holding Company (Gasco), a leading company in LPG solutions industry, said it has secured the go-ahead from the General Authority for Competition (GAC) to proceed with its planned acquisition of a 50% stake in Jacko Gases, a key provider of gas requirement service in the kingdom.
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
Emirates Water and Electricity Company (Ewec) has announced the extension of its clean energy partnership with Mediclinic, the first healthcare institution in Abu Dhabi to decarbonise their operations. The deal ensures all Mediclinic’s hospitals will be powered by clean electricity, verified using CECs issued by Abu Dhabi.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
Dubai Islamic Bank (DIB) has recorded solid results for the first quarter of 2026 with its net profit soarng to AED1.799 billion ($490 million), while its operating revenues for the three-month period surged by 13% to hit AED3.55 billion ($966 million).
e&, the UAE-headquartered global technology group, reported a strong start to 2026 with a consolidated revenue of AED19.4 billion ($5.28 billion) in the first quarter, reflecting a 15.1 per cent year-on-year (YoY) growth.
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
FROMM., a luxury contemporary furniture and home accessories design brand operating from Doha (Qatar) and Milan (Italy), has announced that it has signed a new partnership agreement with Sharjah Research, Technology and Innovation Park at the recent Milan Design Week event.
US President Donald Trump said Iran had indicated it was in a “state of collapse” and was seeking the urgent reopening of the Strait of Hormuz, even as efforts to end the two-month conflict remained deadlocked.
